Treasurys, dollar up; Fed said will rollover debt

DeborahLevine

NEW YORK (MarketWatch) -- Treasury prices jumped and the dollar pared its solid gains on Tuesday after the U.S. Federal Reserve said it will reinvest proceeds from maturing mortgage debt back into the Treasury market, as many analysts had expected. Officials also said the pace of recovery has slowed in recent months. Yields on 10-year notes
TMUBMUSD10Y, +0.64%
which move inversely to prices, fell 5 basis points to 2.78%, the lowest since April 2009. The dollar index
DXY, -0.08%
a measure of the U.S. unit against a basket of major currencies, traded at 80.907, compared to 81.279 before the statement was released and up from 80.711 in North American trade late Monday. The euro
EURUSD, +0.1109%
traded at $1.3189, compared to $1.3114 earlier and still down from $1.3226 Monday.

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